Housing starts plunge, near a 10-year low

[Joseph T. Burkeson, CMI]

Housing starts plunge, near a 10-year low
Pace of building new homes down 37.8% on year-over-year basis


WASHINGTON (MarketWatch) -- U.S. home builders started the fewest homes in nearly a decade last month, as housing starts plunged 14.3% to a seasonally adjusted annual rate of 1.408 million, the Commerce Department reported Friday.